World News Headlines July 17, 2020 Under One Ceiling 0 DeFi could become the next big thing in finance 0 0000 0 0 more DeFi could become the next big thing in finance July 17, 2020 Under One Ceiling now playing Transferring money from UAE abroad: what are my cheapest options July 17, 2020 Under One Ceiling WIN With Nespresso This Mother’s Day July 17, 2020 Under One Ceiling NBA Playoffs 2022: A Casual Fan's Guide to the Postseason July 17, 2020 Under One Ceiling Best New Climbing Gear of 2022 July 17, 2020 Under One Ceiling A Local Weekend Travel Guide to Austin, Texas July 17, 2020 Under One Ceiling First Drive: 2022 Range Rover Ups the Luxury SUV Experience July 17, 2020 Under One Ceiling Most Stylish Rain Jackets, Parkas, and Trench Coats for Men July 17, 2020 Under One Ceiling EU eyes Russian oil import ban as Moscow strikes western Ukraine July 17, 2020 Under One Ceiling World-class Clark Int’l Airport opens new 110,000 square-meter passenger terminal July 17, 2020 Under One Ceiling PCG: Bodies of 5 children who drowned in Taal Lake found July 17, 2020 Under One Ceiling DeFi could become the next big thing in finance DeFi, or decentralized finance, is turning into the most important nascent trend in finance. The ability to borrow funds, take out loans, deposit funds into a savings account, or trade complex financial products — all that without asking anyone for permission or opening an account anywhere — is quickly gaining traction. The amount of money locked into various DeFi services has recently surpassed $2 billion, according to DeFi Pulse, up from about $1 billion a month ago. But it’s not just about the money — other assets are being sucked into the DeFi ecosystem. Let’s take a couple steps back. DeFi, which is built on cryptocurrency platforms such as Ethereum and Cosmos, cuts out human middlemen and paperwork, and replaces them with smart contracts. These are computer programs that run on decentralized blockchains, meaning they’re near-impossible to stop or censor. If I borrowed money to someone via a smart contract, the terms built into the contract have to be obliged — no human can (typically) alter that. Read more… More about Cosmos, Ethereum, Defi, Decentralized Finance, and Tech Related Related posts: Ashling Murphy: Teacher’s killing a ‘depraved act of violence’ Canadian police begin major operation to clear the capital city of protesters and their convoys State of the Union: Biden speech comes amid crises, setbacks /r/WorldNews Live Thread: Russian Invasion of Ukraine Day 11, Part 3 (Thread #115) tags: RSS Feed World News 0000 0 0 previous Video mapping viral trends of the decade by state is a wild trip down memory lane next The Whistle GO Explore pet tracker is on sale
